Latest update December 4th, 2024 2:40 AM
Creditinfo seeks to help poor payers restore credit worthiness
There are various reasons why a consumer may have bad credit but the fear of making this known in a credit report which is created by Guyana’s finest Credit bureau- Creditinfo, is not something most Guyanese are open to. And that is quite understandable.
But the executive members of the bureau are calling on citizens to not be fearful of their transgressions that it can help to improve the image of their creditworthiness.
David Falconer, Sales and Business Development Manager
Sales and Business Development Manager, David Falconer, asserts that the bureau is not here to judge but rather, to help consumers make better choices and reveal to them the ways in which they be able to manage their capacity to borrow and turn over a new leaf, thereby leaving their bad credit history behind.
“Bad credit is like an infection. Depending on the magnitude of the infection, people are usually scared to go to the doctor because they are embarrassed. But we want people to know that the credit bureau is not here to judge but rather help you nurse your tainted credit history back to good health and to keep it there.
“We have a number of ways in which we can do this and we want people to be informed. It is our belief that the lack of this information is what is preventing people from truly understanding how the bureau can help them.”
The bureau is not going to pay off the debts but what it will help do in the most effective way is to find the best ways to clear up debts and show you how you can move from having the status of a poor payer to one of a reliable payer.
Falconer also noted that the credit bureau recognizes that there may be various reasons why consumers may have not been in a position to honour their financial obligations with lending institutions and charged that the company wants to help poor payers create a report that shows their potential to be a good borrower.
He added, “Many people live their lives in an ad hoc manner, but there are ways in which we can help that person to balance their credit and we can help the person see opportunities that can help them change their credit report.
Our doors remain open by appointment to explain to people how things can be made better for them in terms of this report. Poor payers should not be afraid. We can help them bring their history in line. People have various reasons why they have bad credit. We are not paying the loan but we are showing you what paths to take.”
He added, too, that when the credit history is improved there are great benefits that can be derived from that. He said that potential borrowers with good credit histories can benefit from reduced lending rates and you are also rewarded in other ways for honouring your financial commitments.
The Business Manager then reminded that the bureau is not to be confused with a lending institution but one that collects data from other lending agencies, analyzes it and makes a comprehensive credit report which helps the consumer to benefit from the lending market.
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